Joseph Schumpeter criticized this thinker's abstract reasoning and labelled it his namesake vice. He made his fortune in arbitrage of government securities during the Napoleonic Wars, and described the economic advantage of land used to its most productive capacity in his Principles of Political Economy and Taxation. In addition to his Law of Rent, this economist also used
Joseph Schumpeter criticized this thinker's abstract reasoning and labelled it his namesake vice. He made his fortune in arbitrage of government securities during the Napoleonic Wars, and described the economic advantage of land used to its most productive capacity in his Principles of Political Economy and Taxation. In addition to his Law of Rent, this economist also used the trade of English cloth for Portuguese wine to describe his most famous principle. For 10 points, name this 19th-century British economist who described the theory of comparative advantage and argued against the Corn Laws.
Joseph Schumpeter criticized this thinker's abstract reasoning and labelled it his namesake vice.
David {Ricardo}